2020 wrecked a lot of credit scores. Here are some great tips that can help you improve your score all on your own...
- Start by getting a copy of your full credit report from Experian, TransUnion, and Equifax - You can get them for free once a year at AnnualCreditReport.com.
- Comb your reports for errors - That includes everything from spelling mistakes to outstanding debts you're not aware of. Then dispute any issues with the credit bureaus.
- Make a budget and stick to it - Easier said than done, but it's tough to improve your credit when you're not doing that one.
- Pay bills on time - Paying the minimum is better than paying late. And if you're behind on anything, get caught up as quick as you can. On-time payments are the single most important factor to your credit score.
- Prioritize paying down your credit cards first - They tend to have the highest interest rates. But once you pay them down, don't cancel them. Your debt ratio and having credit available ups your credit score.
- Don't apply for a bunch of new credit cards - Every time you do, it's listed as a "hard inquiry." And if you have too many within two years, your credit score drops.